Master of Entrepreneurship and Innovation (37I)

Overview  2019

ATAR

No Guaranteed Entry ATAR

Guaranteed Entry ATAR

Achievement of a specified ATAR will guarantee acceptance into a course or institution, subject to any non-ATAR criteria being met, such as a prerequisite study or English language proficiency.

:
See entry requirements

Duration

Minimum 2 Years, up to a maximum of 5 Years

Duration

Duration refers to the minimum and maximum amounts of time in which this course can be completed. It will be affected by whether you choose to study full or part time, noting that some programs are only available part time.

Location

Hobart
Semester 1

Full Fee Paying places available

ATAR

No Guaranteed Entry ATAR

Guaranteed Entry ATAR

Achievement of a specified ATAR will guarantee acceptance into a course or institution, subject to any non-ATAR criteria being met, such as a prerequisite study or English language proficiency.

:
See entry requirements

Duration

Minimum 2 Years
Entry requirements

Location

Hobart
Semester 1
The Master of Entrepreneurship and Innovation (MEI) is designed to give individuals the creative, intellectual, and motivational skills necessary to create and identify new opportunities and to start their own businesses, or initiate new ventures within existing companies. Students will engage with the teaching material in the classroom, and through entrepreneurial project work, a field trip, and relationships with mentors. A critical experiential learning component comes from guided project work with start-ups corporate venture where students will provide independent analysis of, and solutions to, problems confronting entrepreneurs and innovators operating in highly dynamic and uncertain environments. After observing and engaging with existing entrepreneurial ventures, students will embark on the development of their own start-up ideas within regional and global contexts, guided by academic staff and industry mentors. To achieve their entrepreneurial goals, students will learn industry-specific knowledge from experts, in particular industrial sectors that best coincide with students’ venture ideas. Examples of possible sectors include travel and tourism, agribusiness/aquaculture, and high technology.

This course is full fee-paying, which means that domestic students will be charged at the full fee-paying rate listed for each unit. Fees cover tuition, all study materials (with the exception of text books) and costs associated with the study sessions.

On completion of the course graduates will be able to:

  1. Critically evaluate and reflect on theories and practices of entrepreneurship and innovation.
  2. Identify and critically analyse internal and external factors that affect a venture’s ability to create and/or discover new opportunities and that influence entrepreneurial decisions and the ability to commercialise products and services.
  3. Critically analyse the current and future state of a chosen industry sector (including the nature of competition, its financial and economic conditions, short- and long-run trends (both locally and globally), and other factors that will affect entrepreneurial activity in the sector.
  4. Effectively contribute to the management of the start-up and commercialisation practice by establishing entrepreneurial businesses and developing supportive organisational environments to foster innovation.
  5. Effectively contribute to the management of the start-up and commercialisation practice by establishing entrepreneurial businesses and developing supportive organisational environments to foster innovation.
  6. Demonstrate creative and reflective thinking, lifelong learning and critical inquiry skills fundamental to entrepreneurial leadership.

Career outcomes

Graduates from the course will have the foundational knowledge and skills necessary for starting their own business venture, or to make significant contributions to the development of new ventures within existing businesses.

Course structure

You will study 13 core units including a 50 credit point (4 x unit equivalent) capstone unit:

The purpose of this unit is to provide a solid basis in financial literacy. Through studying this unit, you will gain knowledge of both internal and external reporting for financial decision making. Rather than generating data, the emphasis in on…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Start-ups are identified as the sources of technological innovations and major contributors to any economy system. At the same time these entrepreneurial firms experience high failure rates worldwide. To a large extent the high failure rates are explained by a…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

According to the Global Economic Monitor Survey (2014), approximately 13% of the adult population in Australia is involved in either starting or managing a new business. (This percentage varies dramatically across different country contexts; see http://gemconsortium.org/). Many other individuals are…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Venture Project A is the first in a series of venture project units in the Master of Entrepreneurship and Innovation. In this unit you will undertake a project (or a set of tasks) with a start-up or a new venture…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Firms are paying more attention to the development of new products and services to enhance their market position. Commercialising innovative products and services on a timely basis is the key to not only profit, but in some industries, survival. However,…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Some of the most important skills for an entrepreneur are the ability to communicate effectively, establish relationships with all stakeholders related to your enterprise and being able to develop a network of people important to your success.This unit will develop…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Entrepreneurship and innovation, by their very natures, require unique skill sets and capabilities involving creativity, collaboration, negotiation and out of the box thinking. Oftentimes, they involve cross-border relations as well as expanding into international markets, sourcing materials across the globe,…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

In Venture Project A, students conducted a situation analysis. In this unit you will undertake a project (or a set of tasks) with a start-up or a new venture in an existing company, in order to further build skills for…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

This unit is divided into two components. The first component deals with finance – the sourcing and management of funds as well as the valuation of your venture. The second component deals with risk – the understanding of what risk…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Finding a profitable industry is one way entrepreneurs try to create long-term profitability for their ventures. Equally, or even arguably more, important is developing a successful strategy within a chosen industry as the basis for competitive advantage. To do this,…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

Creativity, innovation, commercialization, and business insight are important for successful entrepreneurship in general and start-ups in particular. Most entrepreneurs have ideas and energy to commence a business. However, they often lack in capitalising on structured opportunity to research, develop and…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

In Venture Project A, students conducted a situation analysis; in Venture Project B, an opportunity analysis was undertaken. In this unit you will undertake a project (or a set of tasks) with a start-up or a new venture in an…

Credit Points: 12.5

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1

Key: On-campus    Off-Campus    International students    Domestic students

This unit is the last in a series of venture project units. It signifies the culmination of study towards the Master of Entrepreneurship and Innovation. The final project provides the opportunity to apply and extend the entrepreneurial theories and practices…

Credit Points: 50

LocationStudy periodAttendance optionsAvailable to
HobartSemester 1
HobartSemester 2

Key: On-campus    Off-Campus    International students    Domestic students

Entry requirements

For admission to this course you must have:

  • Completed an undergraduate degree of an Australian Higher Education Institution or the equivalent standard in any other institution; OR
  • Completed the Graduate Certificate in Business Studies at the University of Tasmania, or an equivalent qualifying Graduate Certificate*.

* A qualifying Graduate Certificate is any Graduate Certificate from an Australian Higher Education Institution, or the equivalent from any other institution.

International students must provide one of the following: UTASAccess Level 7 with a minimum overall score of 65% and no individual skill below 60%; or an IELTS score with an overall Band of 6.5 and no band less than 6; or a TOEFL (iBT) overall score of 88 (no individual skill must be lower than: Reading 16; Listening 16; Speaking 18; and, Writing 22) or a PTE Academic overall score of 58 with no score lower than 50, or provide evidence that you have studied for 2 years full-time with English as the sole medium of instruction and examination. These tests must not be more than 24 months old.

Fees & scholarships

Domestic students

Domestic students enrolled in a full fee paying place are charged the Student Services and Amenities Fee but this fee is incorporated in the fees you pay for each unit you enrol in. Full fee paying domestic students do not have to make any additional SSAF payments.

Domestic students enrolled in a Commonwealth supported place will be charged a fee based on the number of units a student enrols in. In 2018, this fee is $44.70 per unit. In 2018, the maximum charge for full time students is $298.

International students

International students are charged the Student Services and Amenities Fee but this fee is incorporated in the annual rate. International students do not have to make any additional SSAF payments.

Scholarships

For information on general scholarships available at the University of Tasmania, please visit the scholarships website.

How can we help?

Do you have any questions about choosing a course or applying? Get in touch.

Domestic
1300 363 864
International
+61 3 8676 7017
Email
Course.Info@utas.edu.au
Online
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